Up to $50/yr on hotel stays booked through Chase Travel (anniversary year).
AnniversaryVerified
Effective annual fee
What it really costs
The sticker fee is what the card charges. The effective annual fee is what it costs — after the statement credits you would actually use.
Primary
Sapphire PreferredChase
Annual fee$95
At face value, used in full−$125
Your effective fee−$15
Estimate — every credit set to Maybe
Compared againstLower for you
Sapphire ReserveChase
Annual fee$795
At face value, used in full−$1,175
Your effective fee−$190
Estimate — every credit set to Maybe
Which credits count
Answer once per credit, on both cards
Nobody uses every credit. Pick a category, see both cards side by side, and mark what you would use — the effective annual fee above recomputes against your answers, not the issuer's best case.
Which credits you'd actually use
Travel
Hotel, airline and portal credits.
Sapphire Preferred$100
and nothing else — Sapphire Reserve carries 1 more here
Sapphire Reserve$800
$250 Jan–Jun and $250 Jul–Dec on prepaid The Edit hotel bookings (2-night min).
Twice a yearVerified$300/yr automatic credit on travel purchases.
YearlyVerifiedDining
Restaurants, delivery and grocery credits.
Sapphire Preferred$120
Complimentary DashPass + $10 monthly member promo (through 2027; activate).
MonthlyEnroll firstVerifiedand nothing else — Sapphire Reserve carries 1 more here
Sapphire Reserve$600
$150 Jan–Jun and $150 Jul–Dec at Sapphire Reserve Exclusive Tables restaurants.
Twice a yearVerified$5 monthly DoorDash promo + two $10 promos with DashPass (complimentary through 2027; activate).
MonthlyEnroll firstVerifiedTransit
Rides, transit passes and parking.
Sapphire Preferred—
Nothing in transit on this card.
Sapphire Reserve$120
Up to $10/month in Lyft in-app credit (through Sept 2027).
MonthlyVerifiedWellness
Gyms, studios and wellness memberships.
Sapphire Preferred—
Nothing in wellness on this card.
Sapphire Reserve$120
Up to $10/month toward Peloton memberships (through Dec 2027).
MonthlyVerifiedEntertainment
Streaming, tickets and single-retailer credits.
Sapphire Preferred—
Nothing in entertainment on this card.
Sapphire Reserve$300
$150 Jan–Jun and $150 Jul–Dec on StubHub / viagogo concert & event tickets. Activation required.
Twice a yearEnroll firstVerifiedAccess
Application-fee and credential credits, and anything that fits no other category.
Sapphire Preferred—
Nothing in access on this card.
Sapphire Reserve$30
Up to $120 every 4 years.
Cadence inferredVerifiedThat's every credit on both cards.
Maybe is scored at 50% of annual value.Every figure is annualized.
Rates normalised to cents of value per dollar spent, so different point currencies compare. Useful once you hold the card; it is not what decides whether the fee is worth paying.
| Sapphire Preferred | Sapphire Reserve | |
|---|---|---|
| Dining & restaurants | 3× Dining | 3× Dining |
| Groceries | 3× Grocery Delivery / Online groceries & select streaming | — |
| Flights (booked direct) | 2× Travel | 4× Airfare / Flights & hotels (direct) |
| Hotels (booked direct) | 2× Travel | 4× Flights & hotels (direct) / Hotels |
| Other travel | 3× Vacation Homes | — |
| Gas & EV charging | 3× Gas Stations | — |
| Transit & rideshare | 5× Lyft | 5× Lyft |
| Streaming | 3× Online groceries & select streaming / Streaming Services | — |
| Issuer travel portal | 5× All Travel (Ultimate Rewards) / Chase Travel bookings | 8× Chase Travel bookings / All Travel (Ultimate Rewards) |
| Everything else | 1× Everything else | 1× Everything else |
Only on Sapphire Reserve: 10× Peloton.
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Where these figures come from
How we verify our data
Figures come from our card database and can lag issuer changes — always verify against the issuer's current terms.
- Solid borders: Verified issuer terms.
- Dashed borders: Estimated, pending final issuer sync.